The Global Prenatal and Neonatal Equipment Care Market is predicted to reach $8.80 USD billion with a CAGR of 6.30% according to Market Data Forecast report

The Global Prenatal and Neonatal Equipment Care Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report, the Global Prenatal and Neonatal Equipment Care Market is estimated to be $6.48 USD billion and predicted to rise to $8.80 USD billion with a CAGR of 6.30%. The market is segmented by Product Type (Prenatal and Fetal Equipment-Ultrasound and Ultrasonography Devices, Fetal Magnetic Resonance Imaging, Fetal Dopplers, Fetal Monitors, and others; Neonatal Equipment-Infant Warmers and Incubators, Neonatal Monitoring Devices, Respiratory Assistance and Monitoring Devices, Phototherapy Equipment, and others; Other Prenatal and neonatal equipment). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The growth of the Global Prenatal and Neonatal Equipment Care Market is mainly driven by factors such as growing incidences of preterm birth, increasing awareness for prenatal and neonatal care, increasing number of NICU admissions and inflow of technologically innovative products, and government policies to provide better care for prenatal and neonatal children. However, poor availability of proper neonatal care in the emerging regions and the low birth rates in developed countries and the presence of a highly disjointed market are hindering the growth of the market.

The Global Prenatal and Neonatal Equipment Care Market is segmented into prenatal and fetal equipment, neonatal equipment and others. The prenatal and fetal equipment is further segmented into Ultrasound and Ultrasonography Devices, Fetal Magnetic Resonance Imaging, Fetal Dopplers, Fetal Monitors, and others. Based on neonatal equipment the market is further segmented into Infant Warmers and Incubators, Neonatal Monitoring Devices, Respiratory Assistance and Monitoring Devices, Phototherapy Equipment, and others. The neonatal care equipment segment accounts for the larger share of the global Market, while the fetal care equipment segment is anticipated to grow at the highest CAGR during the forecast period.

On geographical basis, Global Prenatal and Neonatal Equipment Care market is segmented into: Asia-Pacific, Europe, North America, Latin America and Middle-East and Africa. North America accounted for the largest share in the global Prenatal and Neonatal Equipment Care market followed by Europe and Asia-Pacific. However, The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period due to reasons such as increasing participation of several private & public establishments to organize awareness programs and rising birth rate in this region.